<h3><strong>What is MANTRA (OM)?</strong></h3><p>MANTRA (OM) is a decentralised finance (DeFi) platform offering a suite of financial services, including staking, lending, and governance, within its ecosystem. Its native token, OM, powers user engagement and rewards while promoting secure, transparent financial interactions.</p><h3><strong>How does MANTRA work?</strong></h3><ul><li><strong>Underlying Technology:</strong> MANTRA operates on its blockchain infrastructure, incorporating advanced cryptographic techniques for security.</li><li><strong>Consensus Mechanism:</strong> It employs a Proof-of-Stake (PoS) model, enabling users to stake OM tokens to earn rewards and secure the network.</li><li><strong>Smart Contracts:</strong> MANTRA leverages smart contracts for automation, managing staking, lending, and governance seamlessly.</li></ul><h3><strong>What are the potential use cases for MANTRA?</strong></h3><ul><li><strong>Real-World Applications:</strong></li><li style="text-indent: 1em;">Staking OM tokens for passive income.</li><li style="text-indent: 1em;">Lending and borrowing within the ecosystem.</li><li style="text-indent: 1em;">Participating in DAO token issuances and governance.</li><li><strong>Industries:</strong> Decentralised finance (DeFi), real estate tokenisation, and financial services.</li></ul><h3><strong>What is the history of MANTRA?</strong></h3><p>MANTRA was established to bridge traditional finance and DeFi, with a focus on tokenising real-world assets (RWAs) compliantly. It has grown to become a significant player in DeFi, recognised for its innovative solutions and growing market presence.</p>

### What is MANTRA?

MANTRA is a security-first Layer 1 blockchain designed to comply with real-world regulatory requirements, making it particularly suitable for institutions and developers. It serves as a permissionless blockchain facilitating permissioned applications. Built using the Cosmos SDK, it supports the Inter-Blockchain Communication (IBC) protocol for interoperability and employs a proof-of-stake mechanism for security.

### How does MANTRA work?

MANTRA operates as a Layer 1 blockchain leveraging the Cosmos SDK and Inter-Blockchain Communication (IBC) protocol for interoperability. It uses a Delegated Proof-of-Stake (DPoS) mechanism through CometBFT, a Byzantine Fault Tolerant algorithm, ensuring robust security and efficient transaction validation. The blockchain supports CosmWasm smart contracts, enabling the creation and management of decentralised applications.

### What are the potential use cases for MANTRA?

MANTRA is suitable for several applications, including:

- Tokenization of real-world assets (RWAs) such as art, commodities, and real estate.
- Functioning as a decentralised identity system that enhances KYC/AML compliance.
- Facilitating compliant on-and-off ramping for fiat and tokenized securities.
- Allowing community-based governance and frequent upgrades.
- Supporting cross-chain interoperability and various DeFi services like staking and lending.
- Providing platforms for lending and borrowing.

### What is the history of MANTRA?

MANTRA was launched as MANTRA DAO in 2020 by a team with a strong financial and blockchain background. Significant changes include a 2024 update that introduced MANTRA Chain, focusing on RWA tokenization. This marked a strategic transition towards a more regulated and expansive financial ecosystem. Over the years, MANTRA has secured substantial funding, becoming a significant player in the crypto yield market. Its transformation from MANTRA DAO to MANTRA Chain reflects a broader vision to encompass diverse financial services under a regulated framework.

MANTRA

Lido Staked Ether

Wrapped stETH

Uniswap

Aave

Lido DAO

Raydium

Rocket Pool ETH

Injective

NEXO

DeXe

Wrapped Fantom

Venus BTC

Maker

Curve DAO

Kava.io

Compound

THORChain

PancakeSwap

MANTRA (OM)

Similar Coins

STETH

WSTETH

UNI

DAI

AAVE

LDO

RAY

RETH

INJ

NEXO

DEXE

WFTM

VBTC

MKR

CRV

KAVA

COMP

RUNE

CAKE

Resources

MANTRA (OM) Price Index

MANTRA Price

Trading volume

Market cap

Resources